My partner and I are nearing an exchange on a property in Solva and my mum and dad have transferred the exchange deposit to my property lawyer. I am now told that as the deposit has not come from me my conveyancer needs to disclose this to my bank. Apparently, in also acting for the bank he must inform them that the balance of the purchase price is coming from anyone other than me. I informed the lender regarding my parents' contribution when I applied for the mortgage, so is it really necessary for this now to be an issue?
The conveyancer is obliged to clarify with the bank to make sure that they are aware that the balance of the purchase price is not from your own resources. The solicitor can only disclose this to your lender if you permit them to, failing which, your lawyer must cease to continue acting.
Can I use your services to find a Conveyancing solicitor in Solva even if I’m not buying or disposing of a house, for instance if I want to buy an office in Solva with a loan from Santander?
Our comparison service is predominantly there to get a quote from domestic conveyancing solicitors in Solva but we have listed towards the end of this page a selection of Solva commercial conveyancing firms. You should enquire with the solicitors directly to see if they can also act for Santander
After much negotiation I have agreed a price on an apartment in Solva. My mortgage broker suggested a property lawyer. I paid an advanced payment of £175. Not long after, the conveyancing practitioner contacted me sheepishly admitting that they were not on the Clydesdale conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Clydesdale panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
I have instructed a Solva lawyer having made sure that they are on the Virgin Money conveyancing panel. Does my lawyer arrange the survey of the property?
Virgin Money will need an independent valuation of the property. Your lawyer will not arrange this. Usually Virgin Money will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. Your conveyancing practitioner will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by your Solva postcode. As you are getting a mortgage with Virgin Money, you could contact them to see if they have a list of approved surveyors in Solva.
After what seems like an age I have had an offer on a flat in Solva accepted, the vendors do however have a connected purchase. The owners have offered on a flat, however it’s not yet tied up, and are looking at other properties booked. I have selected a bricks and mortar conveyancing solicitor in Solva. What do I do now? When do I get the mortgage application with Co-operative started?
It is understandable to have concerns where there is a chain as you are unlikely to want to be too out of pocket too early (mortgage application is in the region of one thousand pounds, then survey, Solva conveyancing search fees, etc). First, you must ensure that your property lawyer is on the Co-operative approved list. Regarding the subsequent phase this very much depends on the specifics of your case, attraction to this property and on the state of the market. In a hot market many buyers will apply for a home loan with Co-operative and arrange for the valuation and only if it comes back ok would they ask their solicitor to move forward with the conveyancing in Solva.
I decided to have a survey carried out on a house in Solva ahead of instructing solicitors. I have been informed that there is a flying freehold element to the property. Our surveyor has said that some mortgage companies tend refuse to grant a loan on such a house.
It depends who your proposed lender is. Santander has different requirements from Nationwide. If you contact us we can check with the appropriate bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Solva. Conveyancing will be smoother if you use a solicitor in Solva especially if they are acquainted with such properties in Solva.
As co-executor for the estate of my aunt I am disposing of a house in Cardiff but I am based in Solva. My lawyer (approximately 235 kilometers awayhas requested that I execute a stat dec prior to the transaction finalising. Can you recommend a conveyancing practitioner in Solva to witness and place their company stamp on the document?
strictly speaking you are unlikely to be required to have the documents witnessed by a conveyancing solicitor. Normally or notary public or qualified solicitor will be fine regardless of whether they are Solva based